FII FnO Data Analysis for 13 march Trade for Nifty Futures

2. As Nifty Futures was up by 24 points and OI has decreased by 4252 contracts means profit booking on longs was done by institutions.

3. Today we Opened with a Gap of 80 Points and quickly got sold off and after better than IIP data 6.8% Nifty use this to fall further and fill the gap.

4. Another Interesting aspect is the Golden Crossover of 50/200 DMA which is about to take place and considered a Bullish signal and trend reversal sign.

But always remember the SMA should be allinged in increasing order ie.

20 SMA>50SMA>100 SMA>200 SMA for long term uptrend.

If we have a close look at Nifty chart 100 SMA is still lower than 200 SMA so Golden Cross will not have bullish significance till 100 SMA moves above 200 SMA

5. Today Nifty was again unable to close above 20 SMA. Till Nifty does not close above 20 SMA as also mentioned in Weekly View on Nifty 5410-5455 is the range which needs to be closely watched for breakout. Today we got a chance to short in Opening and made some quick points as 5420 was the supply zone.

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